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Analyst Releases Four XRPBTC Macro Simulation Models with an Average XRP Price of $11
As XRP gains against Bitcoin, a market analyst has presented four XRPBTC macro simulation models of the possible directions the pair could take from here.
Notably, the crypto market has dropped sharply since October, and XRP has moved in the same direction with a decline of more than 25% over this period. XRP now trades near the lower end of the $2 range
XRPBTC Simulation Models
However, despite the broader downturn, XRP has held up better than Bitcoin this month. BTC has seen an even steeper pullback, which has allowed XRP to gain 3.71% against the crypto firstborn in November. With this strength, the XRPBTC pair now stands at 0.00002374.
He stressed that this commentary does not seek to predict the future. Instead, he built the models to show multiple possibilities regarding XRP’s direction from here. After reviewing the data from all four scenarios, he arrived at a mean XRP value of $11.